K K Silk Mills IPO Opens: Price Band, Subscription Status, Key Details Explained

Market Performance

The SME IPO space picked up activity today as K K Silk Mills opened its public issue on Wednesday, November 26. The offering entered the market with steady investor attention, especially from retail participants, marking the first leg of its three-day subscription window.

By mid-afternoon, the subscription numbers began to paint their own story. The market mood wasn’t aggressive, but interest was noticeable, particularly on the retail side.

At 1:35 PM, the IPO logged:

• Total Subscription: 0.43 times
• Retail Subscription: 0.79 times
• NII Subscription: 0.11 times
• QIB Subscription: 0 times

The participation trend showed that early traction was driven largely by retail investors, while institutional interest was yet to pick up.

Main News: Details of K K Silk Mills IPO

The K K Silk Mills IPO is a fresh issue of 75 lakh shares, aimed at raising ₹28.50 crore. The company operates in the fabrics and garments space, and the IPO is being listed on the BSE SME platform.

Key IPO Highlights

To keep the details clear and easy to follow, here are the main elements of the public issue:

• IPO Date: Opened November 26 and closed on November 28
• Price Band: ₹36 to ₹38 per share
• Issue Size: ₹28.50 crore
• Lot Size: 6,000 shares for retail investors (minimum and maximum)
• Reservation:
  • Retail — 35,28,000 shares
  • NIIs — 35,25,000 shares
  • QIBs — 72,000 shares
• Allotment Date: Expected on December 1
• Demat Credit & Refunds: Expected on December 2
• Listing Date: Tentatively December 3 on BSE SME
• Book Running Lead Manager: Axial Capital Pvt. Ltd
• Registrar: MUFG Intime India Pvt. Ltd

Company Details: What K K Silk Mills Does

K K Silk Mills operates in the textile manufacturing ecosystem, producing both fabrics and garments. Its product range includes knitted fabrics supplied to domestic and international garment makers.

The company has a manufacturing plant spread across 5,422 sq. meters in Umbergaon, Valsad, Gujarat, where it carries out its core production activities.

Financial Performance

The reference article provides the following financials, which give a clear picture of the company’s recent performance:

Revenue (From Operations):

• FY23: ₹188.81 crore
• FY24: ₹190.54 crore
• FY25: ₹220.77 crore

Profit After Tax (PAT):

• FY23: ₹1.1 crore
• FY24: ₹2.3 crore
• FY25: ₹4.7 crore

The numbers highlight a gradual expansion in both revenue and profitability across the last three financial years.

Summary

The K K Silk Mills IPO opened with a price band of ₹36–₹38, aiming to raise ₹28.50 crore through a fresh issue of 75 lakh shares. By 1:35 PM on opening day, the IPO recorded 0.43 times subscription, with strong activity coming from retail investors at 0.79 times.

The company, positioned in the textile and garment space, has shown steady growth in both revenue and PAT over FY23 to FY25. With the listing scheduled on December 3 on BSE SME, the issue remains open for subscription until November 28.